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Last Updated Friday, April 25, 2008 5:30 PM Texas Time
 

April 25, 2008


Mortgage Company Owner Sentenced to 9 Years
Richard Crowder, owner of Coconut Creek, Fla.-based America’s Best Mortgage Services was sentenced to nine years imprisonment for his part in a $37 million mortgage fraud scheme involving 17 luxury condos on South Beach.

His partners in crime, former Deerfield Beach-based Four Star Title owner Gary Mills was sentenced 46 months in prison and former Wachovia loan officer Karen Lynn Sullivan was sentenced 50 months.
Read story from The Miami Herald




April 24, 2008


Ohio Men Face 10 Years of Prison in Straw Buyer Scheme
Two more players in a $2.6 million straw buyer mortgage fraud scheme have pleaded guilty to conspiracy to commit wire fraud and money laundering. The pair could face up to 10 years in prison.

Joseph Lieberman, 57, co-owner of Bexley, Ohio-based Parkview Bank and George Jordan, 51, a real-estate agent from Canal Winchester are just two of eight people accused of victimizing hundreds of families.
Read story from The Columbus Dispatch




April 23, 2008


Boca Raton Men Arrested in Subprime Mortgage Scheme
Boca-area businessmen Berry Louidort, Ralph Michel and Lauren Jasky, vice-president of Compass Mortgage Services have been arrested for bilking homeowners out of as much as $6 million in a subprime mortgage scheme. The trio is due in court April 24 to answer to the charges of federal mortgage fraud.
Read story from Palm Beach Post




A Former Urban League President Faces Up to 27 Years for Fraud
A former Urban League president in Albany pleaded guilty to a real estate-related felony charge and could face up to three years in state prison. Aaron R. Dare is also facing a maximum of up to 27 years in prison for other alleged real estate crimes still under investigation.
Dare and his former business partner, Albany police detective Kenneth Wilcox, who died in April 2006, reportedly victimized several homeowners resulting in foreclosures and 31 instances of fraud against several mortgage companies to the tune of “several hundred thousand dollars.”
read story from Times Union




Two East Bay Women Scam Homeowners in Foreclosure
Sonia Alburez, 37, and Verena Silva, 42, have been charged with multiple felony counts in conjunction with a “foreclosure relief” scam purported to stall the foreclosure process. Homeowners were told to pay an up front fee and then $1,500 to $2,500 monthly to the Livermore, Calif.-based Community Home Saver Program.

The district attorney’s office said the pair made more than $100,000 a month by scamming at least 14 homeowners across the East Bay and were in business for at least five months.
read story from Contra Costa Times




Nine Indicted in Ohio Crime Ring
From multimillion-dollar mortgage flipping to auto theft and money laundering, nine people are facing charges including racketeering, theft, tax evasion and falsifying documents. The total fraud value is around $3 million.

Huey W. Granderson, 32, the so-called ring leader was helped by Kyle Chaney, 21, Brian Denton, Meagan Kurczewski, 25, Corey Pack, 19, Allen Samsal, 23, Jared Watson, 25, Eugene Willis Jr., 38, and Randall Workman, 22.
read story from The Columbus Dispatch




April 21, 2008


Ocwen Financial Adds BasePoint Fraud Prevention Tool
BasePoint Analytics announced Ocwen Financial Corporation will be helping combat mortgage fraud by using FraudMark, BasePoint’s software solution, to enhance its fraud and risk management program. The software uses analytic scoring technology to identify potentially fraudulent mortgage loans allowing banks to more efficiently assess the risk of fraud.


Spot Fraudulent Documents in Seven Seconds
A new course designed to spot fraudulent documents in mere seconds is being offered to mortgage and other professionals as a way to combat fraud. AllRegs Academy and the American Association of Motor Vehicle Administrators are offering fraudulent document recognition training.



Las Vegas Lieutenant on Trial for Fraud
Felony charges of falsifying mortgage loan documents have been brought against a Las Vegas Lieutenant. Juanita Goode, along with the help of loan officer Jesus Vega, Realtor Shelly Rego and a woman named Melissa Welch, falsified documents to show additional income to qualify for a loan. Goode’s trial is set for May 12.
read story from Las Vegas Now





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